Just over 1,000 initial claims for state unemployment aid were filed last week, the lowest number since businesses closed and Maine went into lockdown last year.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News, Politics
Biden tells Republicans: ‘Don’t get in the way’ of infrastructure plan
Republicans have rejected President Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.
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Posted inBusiness, Maine, News, Politics, Schools & Education
Maine school boards and superintendents oppose bill to create binding arbitration
The proposed legislation would allow public employees to strike if their employer failed to carry out the arbitrator’s determinations.
Posted inBusiness, Nation / World
Ford says electric vehicles to be 40% of its global sales by 2030
Much of the sales target will come from Europe, where the company has pledged to convert its entire passenger vehicle lineup to electric power by that year.
Posted inBusiness, Nation / World
Bezos will pass baton to new Amazon CEO on July 5
Andy Jassy will take over on that date, which is the anniversary of the company’s incorporation in 1994.
Posted inBusiness, Nation / World
GM’s newest vehicle: Off-road, self-driving rover for the moon
The automaker is teaming up with Lockheed Martin to produce light yet rugged vehicles that will travel farther and faster than the lunar rovers that carried NASA’s Apollo astronauts in the early 1970s.
Posted inBusiness, Nation / World
Amazon to buy MGM, studio behind James Bond and ‘Shark Tank’
The $8.45 billion deal is the latest in the media industry that’s aimed at boosting streaming services to compete against Netflix and Disney+.
Posted inBusiness, Nation / World
Countries that rely on tourism are racing to reopen to travel as pandemic recedes
The patchwork of rules around the globe can be hard to follow for anyone planning a trip.
Posted inBusiness, Nation / World
Prosecutors convene grand jury for next stage of criminal investigation into Trump
The development signals that the Manhattan district attorney’s office was moving toward seeking charges as a result of its two-year investigation.
Posted inBusiness, Nation / World
Prosecutor in Trump probe convenes grand jury to hear evidence, consider charges
Investigators scrutinized Donald Trump’s business practices before he was president, including whether the value of properties in the Trump Organization’s portfolio were manipulated.